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BidaskClub upgraded Brookfield Renewable Partners LP (NYSE:BEP) to Strong-Buy in a report released today.

BidaskClub has upgraded Brookfield Renewable Partners LP (NYSE:BEP) to Strong-Buy in a report released on 6/20/2017.

Just yesterday Brookfield Renewable Partners LP (NYSE:BEP) traded -3.28% lower at $33.06. Brookfield Renewable Partners LP’s 50-day moving average is $34.46 and its 200-day moving average is $31.98. The last stock price is up 4.08% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 190,015 shares of BEP traded hands, up from an average trading volume of 66,600

Recent Performance Chart

Brookfield Renewable Partners LP (NYSE:BEP)

Brookfield Renewable Partners LP has 52 week low of $26.61 and a 52 week high of $36.00 with a PE ratio of 11,093.33 and has a market capitalization of $0.

In addition to BidaskClub reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $30.50 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Brookfield Renewable Partners LP (NYSE:BEP)

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as a pure-play renewable power platform. Its segments include Hydroelectric, Wind, Other and Corporate. It operates renewable power generating assets, which include conventional hydroelectric facilities and wind facilities located in North America, Colombia, Brazil and Europe. It also operates approximately four biomass facilities and three Co-gen facilities. It owns approximately 10,730 megawatts (MW) of installed capacity and an over 6,000 MW development pipeline diversified across 15 power markets in North America, Colombia, Brazil and Europe. This portfolio includes approximately 217 hydroelectric generating stations on over 82 river systems and approximately 38 wind facilities. Its portfolio also includes over 3,000 MW of medium to long-term development projects.

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